Published by Iain Gilbert on 25th August 2025
(Sharecast News) - Rachel Reeves' tax-and-spend gamble is driving Britain towards a 1970s-style debt crisis and bailout from the International Monetary Fund, leading economists have warned. They have said the Chancellor's handling of the economy risks a return to the years of high inflation and borrowing that ended with Britain being forced to borrow billions from the International Monetary Fund (IMF) 50 years ago. It came as leading retailers sounded the alarm over the rising cost of taxes and red tape, which is pushing the country into an era of "stagflation". - The Sunday Telegraph